tax write-off
English Thesaurus
1. a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket (noun.possession)
| hypernym | : | write-down, write-off, |
| definition | : | (accounting) reduction in the book value of an asset (noun.possession) |
| hyponym | : | tax benefit, tax break, |
| definition | : | a tax deduction that is granted in order to encourage a particular type of commercial activity (noun.possession) |
| hyponym | : | business deduction, |
| definition | : | tax write-off for expenses of doing business (noun.possession) |
| hyponym | : | exemption, |
| definition | : | a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.) (noun.possession) |
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